John Malone Steps Down as Liberty Media Chairman
Billionaire John Malone has announced that he will relinquish his role as chairman of Liberty Media at the beginning of next year.
In a landmark transition for one of the world's most influential media conglomerates, John Malone, the American billionaire cable pioneer, announced his decision.
The media empire, which holds the commercial rights to Formula 1 and recently expanded into MotoGP, will see Malone, 84, succeeded by longtime associate Robert R. Malone will assume the honorary title of chairman emeritus.
John Malone built his fortune transforming the cable television landscape in the U.S.
Author's summary: John Malone steps down as Liberty Media chairman next year.
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